TOKYO, Oct. 12 (Xinhua) -- Tokyo stocks jumped Thursday, boosted by buying of technology and other export-oriented issues as investors took the opportunity to purchase undervalued stocks following a series of heavy sell-offs.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 558.15 points, or 1.75 percent, from Wednesday at 32,494.66, marking the third consecutive session of gains.
The broader Topix index, meanwhile, finished 34.65 points, or 1.5 percent, higher at 2,342.49.
Market watchers here said investors demonstrated confidence in the Japanese economy by buying back stocks that had recently fallen during the sell-offs.
This resurgence in confidence was largely attributed to recent developments in the chip industry, analysts said.
On the top-tier Prime Market, gainers were led by electric appliance, machinery and transportation equipment issues.
Among exporters, TDK jumped by 243 yen, or 4.4 percent, to 5,782 yen, while chip-testing device maker Advantest surged by 178 yen, or 4.0 percent, to 4,590 yen. (1 Japanese yen equals 0.0067 U.S. dollars) ■
